SEC 13F Intelligence

Managers / Q2 2020 · view latest →

M3F, Inc.

CIK 0001511291 · 2070 E 2100 S, SUITE 250, SALT LAKE CITY, UT, 84109 · 202-246-9200

Reported Value
$135M
Q2 2020
Positions
43
Filings on Record
29
2019–present window
Filed
Aug 11, 2020
original filing

Summary

M3f, Inc. reported $135M in U.S.-listed holdings across 43 positions for Q2 2020.

Its largest position, CFG, represents 7.7% of the portfolio.

Compared with Q1 2020, the fund opened 5 new positions and exited 8.

Portfolio Metrics

Turnover
+15.8%
vs prior filed quarter
Top-10 Concentration
+52.0%
share of reported value
Largest Position
+7.7%
Citizens Finl Group Inc Com
New / Exited
5 / 8
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $113MQ1 ’19Q2 ’19: $117MQ3 ’19: $137MQ4 ’19: $128MQ1 ’20: $140MQ1 ’20Q2 ’20: $135MQ3 ’20: $158MQ4 ’20: $211MQ1 ’21: $247MQ1 ’21Q2 ’21: $282MQ3 ’21: $305MQ4 ’21: $298MQ1 ’22: $301MQ1 ’22Q2 ’22: $308MQ3 ’22: $285MQ4 ’22: $327MQ1 ’23: $304MQ1 ’23Q2 ’23: $318MQ3 ’23: $299MQ4 ’23: $315MQ1 ’24: $283MQ1 ’24Q2 ’24: $270MQ3 ’24: $325MQ4 ’24: $346MQ1 ’25: $364MQ1 ’25Q2 ’25: $354MQ3 ’25: $353MQ4 ’25: $364MQ1 ’26: $404MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 80.8%Other: 19.2%
  • Common Stock · 80.8% · $109M
  • Other · 19.2% · $26M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FITBFifth Third BancorpNEW+325.0K325.0K+$6M$6M
HTBHOMETRUST BANCSHARES INC COMNEW+118.9K118.9K+$2M$2M
DELMAR BANCORPNEW+79.1K79.1K+$520,000$520,000
RBKBRHINEBECK BANCORP INCNEW+47.8K47.8K+$313,000$313,000
FIRST SEACOAST BANCORPNEW+18.1K18.1K+$111,000$111,000
ZIONZIONS BANCORPORATION COMSOLD OUT−235.0K0−$6M$0
CMAComerica IncSOLD OUT−135.9K0−$4M$0
WFCWELLS FARGO & CO NEW COMSOLD OUT−82.5K0−$2M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2020

43 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CFGCITIZENS FINL GROUP INC COMhistory →COMMON7.72%$10M412.8K
2SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON6.36%$9M1.27M
3FRBKQREPUBLIC FIRST BANCORP INC COMhistory →COMMON6.21%$8M3.44M
4HARBORONE BANCORP INCCOMMON5.68%$8M898.3K
5HTHHilltop Holdings Inchistory →COMMON5.36%$7M392.0K
6PROVIDENT BANCORP INCCOMMON5.01%$7M859.8K
7FITBFifth Third Bancorphistory →COMMON4.64%$6M325.0K
8ALRSALERUS FINANCIAL CORPhistory →COMMON4.08%$6M278.4K
9UMBFUMB Financial Corphistory →COMMON3.55%$5M92.9K
10PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON3.40%$5M341.8K
11STNDSTANDARD AVB FINL CORP COMhistory →COMMON3.35%$5M194.6K
12FBIZFIRST BUS FINL SVCS INC WIS COMhistory →COMMON3.17%$4M260.0K
13PDL COMMUNITY BANCORPCOMMON3.01%$4M398.9K
14ASRVAMERISERV FINL INC COMhistory →COMMON2.77%$4M1.21M
15NODKNI HOLDINGS INChistory →COMMON2.67%$4M243.9K
16MAGYAR BANCORP INC COMCOMMON2.44%$3M368.5K
17PBFSPIONEER BANCORP INC/NYhistory →COMMON2.41%$3M355.7K
18RANDOLPH BANCORP INCCOMMON2.39%$3M320.6K
19ICC HOLDINGS INCCOMMON2.14%$3M263.1K
20WLFCWillis Lease Finance Corphistory →COMMON2.14%$3M119.1K
21PCSB FINANCIAL CORPCOMMON2.05%$3M218.1K
22SFBCSOUND FINL BANCORP INC COMhistory →COMMON1.92%$3M107.0K
23HMN Financial IncCOMMON1.65%$2M153.0K
24BANK OF COMMERCE HOLDINGSCOMMON1.64%$2M292.1K
25BankFinancial CorpCOMMON1.58%$2M254.4K
26First Financial Northwest IncCOMMON1.54%$2M214.5K
27HTBHOMETRUST BANCSHARES INC COMhistory →COMMON1.41%$2M118.9K
28BSBKBOGOTA FINANCIAL CORPhistory →COMMON1.36%$2M209.4K
29CHMGCHEMUNG FINL CORP COMhistory →COMMON1.10%$1M54.6K
30SPFISOUTH PLAINS FINANCIAL INChistory →COMMON1.01%$1M95.3K
31HBCPHome Bancorp IncCOMMON0.99%$1M50.1K
32Community West BancsharesCOMMON0.84%$1M135.0K
33CBFVCB FINL SVCS INC COMCOMMON0.67%$900,00041.3K
341895 BANCORP OF WISCONSIN INCOMMON0.57%$769,00084.6K
35FUNCFIRST UTD CORP COMCOMMON0.49%$667,00050.0K
36FRAFFRANKLIN FINANCIAL SERVICESCOMMON0.48%$642,00024.8K
37SALISBURY BANCORP INCCOMMON0.47%$639,00015.6K
38PBHCPathfinder Bancorp IncCOMMON0.43%$579,00060.7K
39OFEDOCONEE FED FINL CORP COMCOMMON0.39%$532,00020.6K
40DELMAR BANCORPCOMMON0.39%$520,00079.1K
41RBKBRHINEBECK BANCORP INCCOMMON0.23%$313,00047.8K
42MALVERN BANCORP INC COMCOMMON0.22%$291,00022.9K
43FIRST SEACOAST BANCORPCOMMON0.08%$111,00018.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$404M28Apr 28, 202613F-HRchanges · EDGAR ↗
Q4 2025$364M25Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$353M28Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$354M30Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$364M31May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$346M29Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$325M29Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$270M34Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$283M37May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$315M37Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$299M42Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$318M42Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$304M39May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$327M39Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$285M42Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$308M43Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$301M45May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$298M44Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$305M52Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$282M54Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$247M44May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$211M43Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$158M50Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$135M43Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$140M46May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$128M34Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$137M35Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$117M32Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$113M33May 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.